If they do it will just be a coincidence. First of all, the tax rate could be 100% and it makes no difference to a company with no customers. The complaint from small (and big) business has never been taxes. The complaint is no customers. If I am underwater a tax break really does me no good. I'm always for low taxes but I don't see it as being a starting point stimulus. Raising min wage would be a much better folly. Or we could meet halfway, lower taxes/higher min wage.I predict that tax cuts will stimulate the economy and real jobs with good pay will grow over time absent and exogenous shock.
Inflation levels will be in large part dependent on how much electronic money the FED creates independent of the U.S. deficit.
Well said. You weren't around then, but I used to say here, "if your customers are broke you can't make sales".If they do it will just be a coincidence. First of all, the tax rate could be 100% and it makes no difference to a company with no customers. The complaint from small (and big) business has never been taxes. The complaint is no customers. If I am underwater a tax break really does me no good. I'm always for low taxes but I don't see it as being a starting point stimulus. Raising min wage would be a much better folly. Or we could meet halfway, lower taxes/higher min wage.
Well said. You weren't around then, but I used to say here, "if your customers are broke you can't make sales".
If they do it will just be a coincidence. First of all, the tax rate could be 100% and it makes no difference to a company with no customers. The complaint from small (and big) business has never been taxes. The complaint is no customers. If I am underwater a tax break really does me no good. I'm always for low taxes but I don't see it as being a starting point stimulus. Raising min wage would be a much better folly. Or we could meet halfway, lower taxes/higher min wage.
When the FED raises interest rates as a
result then by your reasoning it's destroying money. Tada, all your worries are for naught.